After-hours stock movers: Amazon, Starbucks, Pinterest, Advanced Micro Devices, and others.
Check out the companies making headlines in extended trading.
After beating on both top and bottom lines, Amazon's shares gained nearly 2%. The company posted earnings of 98 cents per share on $143.31 billion in revenue, exceeding analysts' expectations of 83 cents per share on $142.5 billion in revenue. Additionally, the advertising and Amazon Web Services segments also surpassed expectations. However, Amazon's second-quarter revenue forecast fell short of estimates.
In extended trading, Starbucks' shares dropped nearly 10% after the company missed its fiscal second-quarter earnings and revenue estimates. Despite earning 68 cents per share on $8.56 billion in revenue, Starbucks fell short of the analysts' forecasts of 79 cents per share for earnings and $9.13 billion for revenue, as polled by LSEG.
The chip company's gaming segment revenue for the first quarter was $922 million, down 48% year-over-year, resulting in a 7% decline in the company's stock price. Despite this, total revenue was slightly ahead of analyst expectations at $5.47 billion, compared to the consensus estimate of $5.46 billion. The company forecasts revenue for the current quarter to be in line with analyst predictions of $5.70 billion.
Pinterest's shares surged nearly 19% after the company reported adjusted earnings of 20 cents per share, beating forecasts for 13 cents per share, and accelerating revenue growth in the first quarter.
Super Micro Computer's fiscal third-quarter revenue of $3.85 billion missed the $3.95 billion consensus estimate, causing shares to drop nearly 8%. Despite this, the company's adjusted per-share earnings of $6.65 topped the per-share estimate of $5.78. Additionally, Super Micro Computer issued strong fourth-quarter revenue guidance.
Despite posting disappointing earnings of 56 cents per share, excluding items, natural gas producer shares remained relatively unchanged. The results fell short of the FactSet consensus estimate of 59 cents per share.
Caesars' casino stock dropped by 3% after disappointing first-quarter results. The company posted a wider-than-expected loss of 73 cents per share, while analysts had predicted losses of only 7 cents per share. Additionally, revenue fell short of forecasts, coming in at $2.74 billion instead of the expected $2.84 billion.
Despite announcing better-than-expected first-quarter results, the snack company's shares dropped more than 1%. The company, Mondelez, posted adjusted earnings of 95 cents per share on $9.29 billion in revenue. Analysts' estimates called for earnings of 89 cents per share and $9.16 billion in revenue, according to LSEG data. However, management said it expects currency translation to reduce net revenue growth by around 1.5% this year.
The oil and gas company's earnings of $4.50 per share, excluding items, exceeded analysts' estimates by 4 cents per share, according to FactSet, in the first quarter. Revenue was $2.23 billion, surpassing expectations of $2.10 billion. Despite this, the shares dropped 1% after hours.
In the fiscal third quarter, the consumer goods company's revenue was $1.81 billion, which was $6 million below the estimated $1.87 billion, as reported by LSEG.
The reporting for CNBC was done by Sarah Min, Brian Evans, Alex Harring, Darla Mercado, and Tanaya Macheel.
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